Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme

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The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 3-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB2011 under the Institutional Bond Issuance Programme was held today (October 18).

A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$8.810 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.20. The average price accepted is 98.97, implying an annualised yield of 1.262%.